Financial Aid Information Session  Application Process  How Aid is Determined  Different Types of Financial aid

Application Process

Types of Applications  Free Application for Federal Student Aid (FAFSA)  NYS Tuition Assistance Program (TAP) Application  Other applications or forms as required by the college such as CSS Financial Aid PROFILE Institutional Scholarship and/or Financial Aid Application IRS Tax Transcripts, not Federal Tax Returns (along with schedules and W-2s) or other income documentation

FSA ID Registration An FSA ID serves as the electronic signature on ED documents Student and at least one parent need an FSA ID Apply for student and parent FSA ID TODAY at:

FAFSA on the Web   FAFSA on the Web available as of  January 1, 2016  Pre-Application Worksheet:  Available prior to January 1 st  Assists in completion of FAFSA on the Web

Application Filing Tips FAFSA on The Web  Gather necessary documents ahead of time  Complete a FAFSA on the Web Worksheet available at  Allow ample time to meet deadlines  Check the FAFSA for accuracy prior to submission  Save all work periodically  Sign the application using student and parent’s Password  Print out a copy of the FAFSA before submitting data  Keep a copy of the Submission Confirmation Page

Tuition Assistance Program (TAP)  Full-Time (12 credit hours)  New York State resident  Must meet income requirements  Annual awards range from $500 - $5,165 (the award cannot exceed tuition) Welcome to TAP on the Web! This online application process allows you to apply for New York State's Tuition Assistance Program (TAP). The New York State Higher Education Services (HESC) is the state agency that helps people pay for college by administering the TAP, guaranteeing student loans, offering guidance and administering a College Savings program for students and families. If you have not submitted a FAFSA application, you may do so at: To complete your online TAP application, you must first create a user name and personal identification number (PIN). Click here.

How Aid is Determined

Cost of Attendance Tuition Room and Board Books & Supplies Transportation Miscellaneous Expenses

EFC – expected family contribution  Families need to understand their situation apps.collegeboard.com/fincalc/efc_welcome.jsp  Families need to understand colleges’ financial aid policies

Need Cost of Attendance minus Expected Family Contribution Tuition Room and Board Books & Supplies Transportation Misc. Expenses Income Assets Allowances Other Resources # Children in College

BEYOND THE NUMBERS  Explain…  But don’t Complain  Document

Different Types of Aid

Grants Federal  Pell  SEOG State  TAP  APTS

Loans  Subsidized Direct Loan  Unsubsidized Direct Loan  PLUS Loan  Alternative Educational Loans

Work  Federal Work-Study  Institutional Student Payroll

Institutional Merit  Does NOT have to be repaid  May be conditional Certain high school GPA May have to maintain a certain GPA One year vs. renewable Maybe based on SAT’s, ACT’s, community service, the arts, athletics, etc. Amounts vary from school to school. Ask! Check current publications!

Institutional Grants  Do NOT have to be repaid  May or may not be need-based  May be conditional Maintain a certain GPA One year vs. renewable Departmental awards Amounts vary from school to school. Ask! Check current publications!

Outside Scholarships These can come from many different resources.  Parent employee benefit or student employer  Clubs, associations, foundations  Armed forces, Peace Corps, AmeriCorps  Civic organizations  Community service oriented  Athletic  Leadership Searching is FREE! No need to pay for any services. Just takes some work!

Important Websites Financial aid information: Studentaid.gov Studentloans.gov Applications: Fafsa.gov Hesc.ny.gov Scholarships: Collegeboard.org Fastweb.com Utica College:Utica.edu/npcUtica.edu/apply

Student Financial Services Suite 117 in Hubbard Hall Karolina Holl Associate Director of Student Financial Counseling QUESTIONS???